USDA Mortgage Loan definition

USDA Mortgage Loan means a Mortgage Loan that is guaranteed by the USDA’s Guaranteed Rural Housing Loan Program.
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USDA Mortgage Loan means a mortgage loan which is guaranteed by the USDA evidenced by a loan guaranty certificate.
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USDA Mortgage Loan means a first lien Mortgage Loan originated in accordance with the criteria established by and guaranteed by the USDA.
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Examples of USDA Mortgage Loan in a sentence

  • If applicable, with respect to each USDA Mortgage Loan, such Purchased Mortgage Loan was originated and either (i) has been submitted for guaranty and not rejected and is eligible to be guaranteed in accordance with the USDA’s Guaranteed Rural Housing Loan Program or (ii) is guaranteed in accordance with the USDA’s Guaranteed Rural Housing Loan Program.


More Definitions of USDA Mortgage Loan

USDA Mortgage Loan means a Mortgage Loan that is guaranteed by the USDA’s Guaranteed Rural Housing Loan Program. “VA” shall mean the U.S. Department of Veterans Affairs, an agency of the United States of America, or any successor thereto including the Secretary of Veterans Affairs. “VA Approved Lender” shall mean a lender which is approved by the VA to act as a lender in connection with the origination of VA Loans. “VA Loan” shall mean a Mortgage Loan which is subject of a VA Loan Guaranty Agreement as evidenced by a loan guaranty certificate. 27
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Related to USDA Mortgage Loan

  • Wet-Ink Mortgage Loan means a Mortgage Loan which any Seller is selling to Buyer simultaneously with the origination thereof and for which the Mortgage Loan Documents have not been delivered to the Custodian.

  • Jumbo Mortgage Loan is a collective reference to Jumbo Mortgage Loans (Standard Limit) and Jumbo Mortgage Loans (Specialty).

  • Eligible Mortgage Loan means, on any date of determination, a Mortgage Loan:

  • High Cost Mortgage Loan means a Mortgage Loan classified as (a) a “high cost” loan under the Home Ownership and Equity Protection Act of 1994 or (b) a “high cost,” “threshold,” “covered,” or “predatory” loan under any other applicable state, federal or local law (or a similarly classified loan using different terminology under a law, regulation or ordinance imposing heightened regulatory scrutiny or additional legal liability for residential mortgage loans having high interest rates, points and/or fees).